Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 2025 Earnings Presentation
21 slides from Rain Industries's earnings presentation, Nov 6, 2025
Slide 1: Rain Industries Limited cover letter to stock exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2025 November 6, 2025 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra East Mumbai-400 001 Mumbai – 400
Slide 2: Earnings Presentation – Q3 2025
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 2025 RAIN is a leading vertically integrated global producer of a diversified portfolio of products that are essential raw materials for staples of everyday life. We operate in three business segments: Carbon, Cement and Advanced Materials. Our Carb
Slide 3: Forward-Looking Statement
Forward-Looking Statement This presentation contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including our statements addressing our expectations for segment volumes an
Slide 4: Safety Performance
Safety Performance 0.24 0.17 0.16 0.13 0.09 2021 2022 2023 2024 9M Sep 2025 TRIR Note: Total Recordable Incident Rate (“TRIR”) is reported in accordance with OSHA guidelines. Until 2023, reporting covered only the Carbon and Advanced Materials segments. Beginning in 2024, TRIR reporting includes all
Slide 5: Key Highlights – Q3 2025
Key Highlights – Q3 2025 • Revenue from Operations - ₹44.76 billion (2% ▲ Vs Q2’ 25; 14% ▲ Vs Q3’ 24) • Adjusted EBITDA - ₹6.48 billion (5% ▲ Vs Q2’ 25; 122% ▲ Vs Q3’ 24) • Adjusted Net Profit After Tax - ₹1.15 billion • Adjusted Earnings per share - ₹3.42 • Capital expenditure of US$13 million for
Slide 6: Performance by Segment – Q3 2025 Vs Q2 2025
Performance by Segment – Q3 2025 Vs Q2 2025 Carbon Advanced Materials Cement Performance: Performance: Performance: o Sales volumes: 673k MT o Sales volumes: 75k MT o Sales volumes: 603k MT (1% ▲ Vs Q2 25) (7% ▲ Vs Q2 25) (14% ▼ Vs Q2 25) o Revenue: ₹ 32.7 billion o Revenue: ₹ 8.9 billion o Revenue:
Slide 7: Brownfield Expansion of Cement Capacity
Brownfield Expansion of Cement Capacity • Current Capacity of Cement is 4.3 Million Tons (with One-line in Ramapuram, Suryapet District, Telangana and Two-lines in Boincheruvupalli, Nandyala District, Andhra Pradesh) • Considering the robust growth in demand for Cement in the States of Andhra Prades
Slide 8: Joint Development of Alternative Materials for Energy Storage Market
Joint Development of Alternative Materials for Energy Storage Market • Joint Development along with Northern Graphite to transform natural graphite processing by- products into high-performance, battery-grade materials • Integrate upstream feedstock control with downstream processing and electrochem
Slide 9: Aluminium Market Update
Aluminium Market Update Primary Aluminium Production Growth in Thousand Tonnes Not to Scale 29,103 29,636 30,328 31,695 41,584 43,109 43,645 44,118 2023 2024 2025 (F) 2026 (F) China ROW LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) 2 4 LME QUOTE (000 US$ per MT) 3.5 NVENTORY
Slide 10: Price Trend of Key Products and Natural Gas
Price Trend of Key Products and Natural Gas 1,338 Not to Scale 1,239 984 1,026 972 899 916 864 851 Benzene prices and 706 700 709 704 678 635 663 625 612 610 Fuel Oil at levels of 592 675 552 559 562 12-quarters low 568 455 498 480 460 415 420 445 450 435 440 411 Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 M
Slide 11: Consolidated Revenue and EBITDA Q3 2025
Consolidated Revenue and EBITDA Q3 2025 (₹ in Billions) ₹ 4.87 ₹ 0.46 ₹ 44.35 -₹ 0.04 ₹ 39.06 ₹ 0.21 ₹ 6.48 ₹ 0.33 ₹ 3.02 ₹ 2.92 Q3 CY24 Carbon Advanced Cement Q3 CY25 Q3 CY24 Carbon Advanced Cement Q3 CY25 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts n
Slide 12: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q3 CY25 Q3 CY24 Q3 2025 vs Q3 2024 • Revenue increase driven by o Higher CPC prices and higher volumes in distillation products 5.39 673 32.68 o Coupled with appreciation of Euro against Indian Rupee. 653 • EBITDA increase driven by 27.81 o Margins stabilized on CPC produc
Slide 13: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q3 CY25 Q3 CY24 Q3 2025 vs Q3 2024 • Revenue increase driven by o Higher volumes from engineered products and naphthalene derivates 75 74 8.91 o Coupled with appreciation of Euro against Indian Rupee. 8.45 0.89 • EBITDA increased due to o Higher volumes driven
Slide 14: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q3 CY25 Q3 CY24 Q3 2025 vs Q3 2024 • Revenue remained stable driven by o Higher sales realisation 664 o Offset with lower volumes, due to 603 market consolidation by National 2.76 2.80 Players and higher days of rainfall due to extended monsoon • EBITDA increased due to: o
Slide 15: Debt Summary
Debt Summary (₹ in millions) US$ in Millions Sep. 2025 Dec. 2024 Particulars 9M 2025 9M 2024 Euro-denominated Senior Secured Term Loan Operating Activities 9,597 16,710 365 323 (due by October 2028) # Investing Activities (1,055) (2,715) USD-denominated Senior Secured Notes (due Financing Activities
Slide 16: Business Outlook
Business Outlook • Sustainable performance: after the prolonged period of underperformance, in the process of recovery and sustaining the performance • Tariff Impacts: As of today, we do not see any material impact, but we are closely monitoring developments • Growth Plans: Initiated Cement Expansio
Slide 17: Thank You
Thank You RIO
Slide 18: Appendix
Appendix
Slide 19: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss ₹ in Millions Particulars Q3 2025 Q2 2025 Q3 2024 CY 2024 Net Revenue 44,348 43,354 39,060 152,673 Other Operating Income 409 660 283 1,071 Revenue from Operations 44,757 44,014 39,343 153,744 Reported EBITDA 6,363 6,314 2,746 14,539 Adjusted EBIT
Slide 20: Reconciliation of Adjusted EBITDA and PAT
Reconciliation of Adjusted EBITDA and PAT ₹ in Millions Particulars Q3 2025 EBITDA PAT A. Reported 6,363 1,060 B. Adjustments/Exceptional items: • Expenses towards non-recurring items 118 118 • Tax impact on above adjustments - (29) C. Adjusted (A + B) 6,481 1,149 19
Slide 21: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business segments (Carbon, Advanced Materials and Cement) • Global presence with 2.4 million tonnes p.a. calcination capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.5 million tonnes p.a. advanced materials capacity and 4.3 million tonnes p.a.